BONXF - Bonterra Legal Update
Val-d'Or, Quebec--(Newsfile Corp. - July 30, 2019) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce that the Court of Appeal of British Columbia has dismissed the appeal filed by former executives Nav Dhaliwal and Dale Ginn, seeking to overturn the Supreme Court of BC decision ordering the immediate return of the garnished funds in the amount of $2,184,080, to Bonterra.
A pre-judgement garnishment order had been granted by the BC Registrar, on April 12, 2019, without prior notice to Bonterra. Upon review of the matter, the Supreme Court of BC had set aside the garnishment and ordered the immediate return of the funds to Bonterra on June 20, 2019; the Court of Appeal has now confirmed the decision on July 26, 2019, with written reasons to follow.
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This press release contains "forward-looking information" that is based on Bonterra's current expectations. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to uncertainties of the outcome of legal proceedings. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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